Corebridge Financial announced the expansion of its annuity lineup for registered investment advisors (RIAs) with the launch of American Pathway AdvisorySM?a multi-year guaranteed annuity (MYGA) that offers growth and principal protection, along with flexibility and convenience. American Pathway Advisory is a fixed annuity that brings enhanced flexibility to the MYGA space through innovative renewal options. Like many MYGAs, American Pathway Advisory allows consumers to lock in growth for three, five or seven years, but where the Corebridge MYGA stands out is the ability of consumers to maintain or modify their term at renewal without having to fill out a new application or purchase a new contract.

Additionally, American Pathway Advisory has no withdrawal charges, giving consumers access to their money and making it easier for RIAs to manage assets, should needs or circumstances change. American Pathway Advisory represents the next step forward as Corebridge continues to provide fee-based advisors with flexible advisory solutions that help clients grow assets on a tax-deferred basis, manage risk and generate predictable income. Registered investment advisors can visit the Corebridge RIA-dedicated website to find business development and client education programs, access interactive tools that help clients better plan and prepare for retirement and discover more about the full suite of Corebridge advisory solutions.

Corebridge has expanded its set of technology solutions and support to create a seamless digital experience for RIAs, both for those who are insurance-licensed and for those who work with licensed outsourced insurance desks (OIDs). Corebridge has also established strategic alliances with platforms that provide integrated data so RIAs can better manage client portfolios. American Pathway Advisory also offers tax-deferred growth, meaning that no income taxes are paid until earnings are withdrawn.

This benefit allows the annuity?s assets to compound over time and potentially grow faster than certificates of deposit (CDs) and other taxable fixed income investments. Since American Pathway Advisory is not invested in equities or fixed income, consumers have the security of knowing that their principal and earnings will not be vulnerable to market risk and will never decline in a down market. Additionally, American Pathway Advisory can provide consumers with protected income for life, no matter how long they live or how the markets perform.

Annuities are long-term products designed for retirement. A fixed annuity is a contract between consumers and an insurance company that, in exchange for their premium (earning a fixed rate of interest), offers a stream of guaranteed income payments. Earnings are subject to taxation upon withdrawal.

Early withdrawals may be subject to a market value adjustment. Partial withdrawals may reduce benefits available under the contract as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax, and if taken prior to age 59½, an additional 10% federal tax may apply.

Tax-qualified plans such as IRAs, 401(k)s or 403(b) plans are tax deferred regardless of whether or not they are funded with an annuity. Consumers should only use an annuity in a tax-qualified plan if they want to benefit from features other than tax deferral. This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations.

Applicable laws and regulations are complex and subject to change. Please consult with financial professional regarding situation. For legal, accounting or tax advice consult the appropriate professional.

All contract and benefit guarantees including any fixed account crediting rates or annuity rates are backed by the claims-paying ability of the issuing insurance company. Rates are subject to change prior to contract issue.